La Quinta Inn & Suites Albany — Sale in Albany, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Albany, GA 31707
  • Year built: 1999

Investment Figures

Cap rate
9.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 86-room La Quinta Inn & Suites located in Albany, Georgia. La Quinta Inn & Suites Albany provides the opportunity for a new owner to acquire a stable, positive-trending limited-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham name, reservation system, and loyal base of guests. Investment Highlights: • Year-Over-Year RevPAR Growth for Subject Property and Competitive Set • Large Year-Over-Year Occupancy Increase (26.5% Growth) • Significant Renovations Recently Completed With Minimal PIP Expected • Low Location-Based Expenses • Proximate to Procter & Gamble, Southwest Georgia Regional Airport, Albany State University, Mars Chocolate, and More

Market Context

This hospitality in Albany, GA is listed for sale. It is offered at an approximate 9.1% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1999. It has been on the market for 99 days. Compare it against other hospitality listings for sale in Albany, GA — view the full market.

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